The First R K Talwar Memorial Lecture was organized by the Indian Institute of Banking & Finance on 31.07.2007 at Mumbai. State Bank of India has instituted this Annual Memorial Lecture in memory of late R.K.Talwar, Chairman of the Bank for over 6 years.
He had played yeomen's role in the development and shaping of State Bank of India especially after 1969. The admirers of the late R K Talwar from amongst the pensioners, existing staff of the Bank and some outsiders collected funds to create an endowment to perpetuate his memory and recall his role/ contribution towards the growth and development of the Bank. SBI on its part has contributed a matching amount to the corpus created for this purpose.
He was also one of the Governing Council members (1968-1976), Vice President (1969-1976) & the President (1970 & 1975) of the Indian Institute of Banking & Finance